Business Studies, asked by mdabid780, 10 months ago

what are the different between active partner and sleeping partner ?

Answers

Answered by Aadhi2006
1

Answer:

A sleeping partner is a partner who 'sleeps', that is, he does not take active part in the management of the business. Such a partner only contributes to the share capital of the firm, is bound by the activities of other partners, and shares the profits and losses of the business.

hope it helps

Answered by Priyapaul
0

Answer:

Hey dear..

Here is the answer

Explanation:

A sleeping partner is a partner who 'sleeps', that is, he does not take active part in the management of the business. Such a partner only contributes to the share capital of the firm, is bound by the activities of other partners, and shares the profits and losses of the business.

Thank you so much

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